Hiring for HR - Compensation &amp Benefits lead (shared Services): Chandigarh in Chandigarh, Mohali for Exp. 5 - 8 yrs at Futurestep Recruitment Services Private Limited.

  • Esteemed client of Orion TrueTech Services India
  • Chandigarh, Punjab, India
  • Jan 11, 2019
Full time Others

Job Description

Job Description:Job Title: HR - Compensation Benefits lead (Shared Services) Location: Mohali, Chandigarh, India About us: We are a leading global agribusiness and food company operating in over 40 countries with approximately 35,000 employees. Founded in 1818, the company is headquartered in White Plains, New York. Were worlds No.1 manufacturer of bottled oils, and our brands in India include Dalda, Gagan, Ginni Chambal. We have implemented a Shared Services Center in Mohali, India to support Global Operations in areas of Finance Accounting, Trade Operations, Treasury and IT Support and other back office support Services. Key responsibilities: The role of the Compensation Lead is to provide cross-divisional Compensation solutions and services to HR customers within Company primarily to the HRBPs and Managers in countries against an agreed Service Level Agreement. Customer Focus and Quality Improvement are integral to this role. The role is accountable for delivering following Compensation Services: 1. Job Position Evaluation 2. Annual Benchmarking Salary Range Development 3. Annual Compensation Review Cycle 4. Job Offer support As the Services develop and the global Compensation Model evolves, the Team will support all countries and become the subject matter experts on these cross-divisional activities for Company. Strategic: Help with conducting assessments of processes to investigate and define solutions that deliver business value and drive continuous improvement Support / participate budget planning discussions and SLA process Maintain documentation (work instructions) and plan updates as required Propose enhancements / modifications / continuous improvement, handle change requests, perform knowledge management using appropriate tools Perform quality job evaluations within agreed timelines (including maintenance of the current job evaluation system) and act as a subject matter expert for all related topics to HRBP / In-Country cross-divisional Compensation Experts Ensure job evaluation is performed according to Company principles/guidelines and process for assigned client group, Ensure stakeholder management Ensure consistency of role calibration across defined assigned area Perform regular audits of new role evaluations within region Seek support on complex cases from Senior Compensation Expert Together with Senior Compensation Experts and external vendor, support the annual compensation benchmarking activities and maintenance of salary ranges. Participate in survey provider matching meetings where feasible Manage survey vendor to ensure data submission to external surveys happens in line with Company values, quality standards and contractual obligations Ensure compliance with legal framework, Company HR practices and guidelines, SOX requirements, data protection, etc. and support training interventions to HR Line clients where needed. People Organization: Interact mainly with Senior Compensation Experts, HRBPs, Line Managers and In-Country Cross-Divisional Compensation Experts Support supervisors in data analysis and evaluation Monitoring Control: Deliver services against an agreed Service Level Agreement Consistently error-free reporting and data analysis in timely manner Timely and accurate completion of HR processes in scope Ensure and monitor Customer/User satisfaction, and implement improvement goals e.g. for processes, HR KPIs Design and Deployment of various Compensation Programs: Experience in deploying Annual compensation review cycle, Bi-annual variable payout cycle, Promotions/Progression and Role change exercises. Establishing pay for performance culture by designing and implementing compensation plans and policies in line with business context, group guidelines and market trends. Responsible for Annual Increments Bonus calculations and pay-outs - including identifying employees eligible for increments bonus based on the guidelines set and analyzing budget verses Actual Pay-out. Act as an SME on Compensation Benefits for all key stakeholders Compensation and benefits due diligence and transition during mergers acquisitions. Providing compensation fitments and offer recommendation Establish best practices around C B, rewards and wellness in line with market and country standards Continuously work on optimizing benefits cost and enhancing service levels. Act as SME for job evaluation for role changes and resultant revisions in employee benefits Work closely with Shared Service HR lead to design and deliver retention plan/schemes Work on executive compensation plans and propose solutions Employee Communication: Ensuring timely closure on release of individual employee communication/letters with respect to each of the above-mentioned programs. Budgeting: Have extensively worked on building various increment models and budget models for various compensation programs including the recent org-wide variability restructuring exercise. Lead and manage budgeting exercise for Salary Review process. Policy Formulation: Revisiting old policies and revising the same as per the changing business needs and feedback. Analytics/Metrics/Reporting: Collating various data related to HR processes and programs by coordinating with stakeholders. Analyze this data and prepare various status reports/dashboards. Audits Compliance: Tracking compliance for respective processes and programs, flag off any deviations and propose recommendations to address gaps. Benchmarking: Salary Benchmarking across industry for mapping job roles and designing pay ranges Analyze Market Data from Compensation Benchmarking Surveys and recommendations on Compensation Structure, Salary, and Internal Parity Vs Market Competitiveness. Conduct reviews of current base salary levels and propose salary changes based on job analysis, internal salary data and external market data Compensation Surveys: Participation in Compensation Surveys (US, Europe and Asia) To lead the Compensation Surveys and interpret its results Liaison with the consultant for job matching and position mapping ESOPs: Design, execution and communication of Employee Stock Option Plans